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SEC agrees asset management supervisory cooperation agreements with EU and EEA member-state regulators
The US Securities and Exchange Commission (SEC) has announced that it had signed memoranda of understanding (MoUs) with 25 EU and 3 EEA member-state regulators as part of long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders.
The MOUs:
The EU member-state regulators with which the SEC has signed MoUs are those from Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden and the United Kingdom (MoU with the Financial Conduct Authority (FCA)). The EEA signatories to the MoUs are regulators from Iceland, Liechtenstein and Norway. The MoU with the FCA came into force on 22 July 2013.
Related Link:
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539728294#.Ufqnl-9wYbw
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